Global Convenience, Mom And Pop Stores Market Overview And Prospects

December 15, 2021December 15, 2021 by The Business Research Company

Learn about the global convenience, mom and pop stores market through The Business Research Company, which provides information on convenience, mom and pop stores market size, convenience, mom and pop stores market drivers and restraints, convenience, mom and pop stores market players, the COVID-19 impact on the convenience, mom and pop stores market, and more.

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The global convenience, mom and pop stores market is expected to grow from $908.19 billion in 2020 to $963.5 billion in 2021 at a compound annual growth rate (CAGR) of 6.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1339.8 billion in 2025 at a CAGR of 9%.

With the rapid growth in retail data and the availability of technologies to analyse data it will become easier for convenience, mom and pop stores to identify and meet the needs and expectations of their customers, thus it is expected to drive the market going forward.

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The convenience, mom and pop stores market consists of sales of goods and some services through convenience, mom and pop stores by entities (usually sole traders or partnerships but in some cases organizations) that provide the retail service of supplying food, toiletries and other daily ‘necessities’ to their consumers through conveniently located small stores.

Global convenience, mom and pop stores market segments include:

By Type: Convenience Stores, Mom And Pop Stores

By Ownership: Retail Chain, Independent Retailer

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global convenience, mom and pop stores market, accounting for 53% of the market in 2020.

Convenience, mom and pop stores are increasingly adopting the concept of unmanned convenience stores. Unmanned convenience store concept uses artificial intelligence and smart phone concepts to eliminate the use of service personnel or cashiers in the store. The unmanned convenience stores maintain a virtual cart for every customer that enters the stores where the products are added and removed based on the customer’s action. The deduction of amount takes place when the customer scans the product using a smart phone.

TBRC’s convenience, mom and pop stores market report covers:

Major Market Players: 7-Eleven, FamilyMart, Alimentation Couche-Tard, Lawson, OXXO.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Convenience, Mom And Pop Stores Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides convenience, mom and pop stores market overviews, analyses and forecasts market size, share, convenience, mom and pop stores market players, convenience, mom and pop stores market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s convenience, mom and pop stores market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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